The UK Government has announced a swathe of new sanctions against those close to the Kremlin, including politicians, oligarchs, propagandists, and companies.
A total of more than 370 individuals and entities were hit on Tuesday, according to the Foreign Office, bringing the total number of sanctions listed to more than 1,000 since the invasion of Ukraine began.
New rules brought in by the Economic Crime Act mean allow sanctions applied by allies to be quickly mirrored in the UK, before the Government later applies its own systems to the measures.
Sanctions Update: After today we will have designated over 1,000 individuals and entities since Russia’s invasion.
This includes over 370 new sanctions announced today – possible thanks to the new Economic Crime Act.
Putin must fail in Ukraine
— Liz Truss (@trussliz) March 15, 2022
Individuals facing sanctions will have their assets in the UK frozen – meaning no UK citizen or company can do business with them – and they are also banned from travelling to or from the UK.
Here are some of those hit by the latest round of measures.
– Mickhail Fridman
The founder of Russia’s largest private bank, Alfa Bank and shareholder in investment firm LetterOne, which owns the health store Holland and Barrett in the UK and energy assets across Europe. His net worth is reported as an estimated £11.9 billion.
– German Khan
A business partner in both Alfa Bank and LetterOne. His net worth is reported as an estimated £7.8 billion.
– Petr Aven
Former President of Alfa Bank and co-founder of LetterOne. His net worth is reported an estimated £4 billion. The Tate severed its tie with Mr Aven following the implementation of sanctions by the US and EU.
– Alexey Mordaschov
Russia’s richest man, according to Forbes’ annual billionaires’ list. Mr Mordashov’s net worth is reported as an estimated £22.4 billion. He is a majority shareholder in steel company Severstal and resigned from the supervisory board of tourism operator, Tui, after he was hit by EU sanctions.
– Andrey Melnichenko
The founder of EuroChem Group. He has a reported estimated net worth of £13.7 billion. On Saturday, Italian police seized his 470-foot Sailing Yacht A at the northern port of Trieste.
– Viktor Vekselberg
Aluminium baron and owner of the Russian conglomerate Renova Group. His net worth is reported at an estimated £6.8 billion. Alongside Mr Aven, the Tate has cut ties with the oligarch.
– Alexander Ponomarenko
Chairman of the board of Sheremetyevo, the biggest airport in Russia. His estimated net worth is £2.22 billion.
– Dmitry Pumpyansky
Owner and chairman of steel pipes manufacturer and supplier OAO TMK. His firm has been a supplier to state-owned energy company Gazprom since 1998, according to Forbes. His net worth is estimated at £1.84 billion.
– Vadim Moshkovich
Former chairman of the board of directors of agro-industrial firm Rusagro who resigned last week after being hit by EU sanctions. His net worth is an estimated £1.84 billion.
– Dmitry Medvedev
Russian politician serving as deputy chairman of the Security Council of Russia since 2020. He was president between 2008 to 2012 and prime minister from 2012 to 2020. On March 1 he tweeted: “Don’t forget that in human history, economic wars quite often turned into real ones.”
– Mikhail Mishustin
A Russian politician and the current Prime Minister of Russia since January 2020. He was the head of the Federal Taxation Service from 2010-2020. He was formerly the President of the UFG Group (OFG Invest), one of Russia’s largest investment companies.
– Sergei Shoigu
The General of the Army who also serves as Defence Minister. He met UK Defence Secretary Ben Wallace last month and assured him Russia was not going to invade Ukraine. He was previously appointed Governor of the Moscow Region.
– Dmitry Peskov
Putin’s press secretary and a Kremlin spokesperson. He has suggested Russians ashamed of their country’s actions in Ukraine are not real Russians.
– Maria Zakharova
Russian Ministry of Foreign Affairs spokesperson.
Why are you making commenting on The National only available to subscribers?
We know there are thousands of National readers who want to debate, argue and go back and forth in the comments section of our stories. We’ve got the most informed readers in Scotland, asking each other the big questions about the future of our country.
Unfortunately, though, these important debates are being spoiled by a vocal minority of trolls who aren’t really interested in the issues, try to derail the conversations, register under fake names, and post vile abuse.
So that’s why we’ve decided to make the ability to comment only available to our paying subscribers. That way, all the trolls who post abuse on our website will have to pay if they want to join the debate – and risk a permanent ban from the account that they subscribe with.
The conversation will go back to what it should be about – people who care passionately about the issues, but disagree constructively on what we should do about them. Let’s get that debate started!
Callum Baird, Editor of The National
Comments: Our rules
We want our comments to be a lively and valuable part of our community - a place where readers can debate and engage with the most important local issues. The ability to comment on our stories is a privilege, not a right, however, and that privilege may be withdrawn if it is abused or misused.
Please report any comments that break our rules.
Read the rules here